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2014 (8) TMI 1203 - AT - Income TaxUnexplained deposit - Addition of peak credit - HELD THAT:- Assessee has claimed that assessee is agreeable if it is subject to taxation on the basis of peak credit in the account. We note that assessee has for the first time before us claimed for assessment of peak credit - we remit this issue to the file of AO. The AO shall review assessee’s claim and compute the peak credit and bring the same to tax. Accordingly the appeal filed by the assessee is allowed for statistical purposes.
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